Thursday, 7 March 2013

3 internal factors & 3 external factors affection business

External:
Geographical- Earthquakes can destroy buildings.
Economic Changes- If economy is bad, business will be bad :(
Higher Standard of Living- Will Affect Company Business if people become richer.

Internal:
Product- Food Quality must be good and healthy to have a good reputation
Location- Set Up in a Populated Area with minimal competition
Management-Bad management will result in conflict within the company and destroy the internal trust.